İndir - Gübre Fabrikaları T.A.Ş.

AUDITORS REPORT
1.Company’s Name:
GÜBRE FABRÝKALARI T.A.Þ.
Head Office: Kasap Sokak No:22 Esentepe- ÞÝÞLÝ / 34394, ISTANBUL
Capital:
Registered Capital: 85.000.000,- YTL
Paid in Capital : 22.498.573,- YTL
Main Business Line: Manufacturing and Selling Chemical Fertilizer
2.Names, terms of the auditors and whether they are shareholders:
Selahattin AYDOÐAN
Date of Beginning of work : 01.01.2007
Hüseyin GENÇ
Date of Leaving of work: 30.03.2007
Fazlý SÜMER
Date of Beginning of work : 30.03.2007
Auditors are not shareholders in the company.
3. Number of Board meetings attended by the Auditors:
Auditors have attended 11 of the Boards meetings in 2007. In addition these meetings the Board of Auditors have held 9 meetings.
4. Scope, dates and conclusions of examination of the accounts, books and records of the company:
The accounting entries are examined to find out whether they are duly and properly made documented in the following dates;
19.01.2007, 22.02.2007, 30.03.2007, 19.04.2007, 25.06.2007, 15.08.2007, 26.10.2007, 21.11.2007 and 28.12.2007. It is confirmed that all
records are in conformity with the prescribed procedures and all administrative decisions are duly entered in the proper Board
resolution book.
5. Number of Conclusion of cash counts made in accordance with subparagraph 3 of paragraph 1 of article 353 of the Turkish
Commercial Law:
Cash was counted 9 times on the following dates:
19.01.2007, 22.02.2007, 30.03.2007, 19.04.2007, 25.06.2007, 15.08.2007, 26.10.2007, 21.11.2007 and 28.12.2007. Each count showed the
actual cash content to be same as what recorded.
6. Dates and conclusions of examinations made in accordance with subparagraph 4 of paragraph 1 of article 353 of the Turkish
Commercial Law:
The books of the company were examined on the following dates19.01.2007, 22.02.2007, 30.03.2007, 19.04.2007, 25.06.2007, 15.08.2007,
26.10.2007, 21.11.2007 and 28.12.2007. It was confirmed that actually assets are present in full and are in accordance with records.
7. Reported complaints and abusiveness and operations taken in this respect:
There have been no complaints.
We have examined the accounts and transactions of Gübre Fabrikalarý T.A.Þ. for the period covering December 31, 2007 in accordance
with the Turkish Commercial Law, Company’s Article of Association and other legislation, as well as generally accepted accounting
principles and standards.
We have approved the contents of the Financial Statements of the Company in our opinion, the enclosed Balance Sheet as of
December 31, 2007 the Statement of Income for the period covering January 1, 2007 - December 31, 2007, present faithfully position
and the results of its operation, the suggestion to distribution of the profit is appropriate to law and articles of association of
partnership.
We hereby present the Balance Sheet and the Statement of Income for your approval and recommend discharge of the Executive
Committee.
Respectfully Yours,
THE AUDITORS COMMITTEE
Fazlý SÜMER / Selahattin AYDOÐAN
GÜBRE FABRÝKALARI T.A.Þ. FAALÝYET RAPORU 2007
46